Nina is a senior editor at Bloomberg in New York, tasked with elevating its CFO coverage.
She previously managed Bloomberg’s coverage of U.S. investment-grade bonds and loans, structured finance, ESG and Latin American & Canadian credit markets and worked as a Bureau Chief at the Wall Street Journal.
Prior to her time with the Wall Street Journal in New York and London, she worked as a U.K. Business and Finance Correspondent for German media group Welt in London and as a reporter in Shanghai.
Latest Stories
Zoom Still Open to Five9-Style M&A, Says CFO Steckelberg
It’s been roughly two-and-a-half years since Zoom’s shareholders rejected the nearly $15 billion takeover of call-center provider Five9. Now, Zoom is reopening the door to larger deals, CFO Kelly Steckelberg tells me for Bloomberg News.
Honeywell CFO Greg Lewis Talks Asset Sales, Avoiding Tiny M&A
Honeywell has been busy striking deals. CFO Greg Lewis said the conglomerate wants to pursue additional acquisitions while also shedding some assets, as about 10% of the portfolio don’t fit its strategy.
Carrier CFO Goris Talks Divestments, Debt and Buybacks
Carrier in April 2023 agreed to spend more than $10 billion to acquire Germany’s Viessmann Climate Solutions business and launched a revamp of its portfolio, which included selling its security business to Honeywell. I spoke to CFO Patrick Goris about the company’s remaining divestiture and the outlook for debt reduction and share buybacks.
Lumen CFO Says Firm Will Focus on Stabilizing After Debt Deal
Lumen plans to focus on stabilizing its business after finalizing a restructuring deal with creditors that slashes its debt, its finance chief said.
Prologis Remains Bullish on M&A, Hopes to Find Targets With AI
Prologis has been spending big on M&A in recent years. The company continues to scout for potential targets and hopes to one day be able to leverage AI for that, its CFO Tim Arndt and Managing Director Chris Caton told me in an interview.
Cash-Rich Cisco Shifts to Net Debt Position for Growth, Returns
For Cisco, the $28 billion acquisition of Splunk marks not only its biggest diversification effort to date but a historic shift to a net debt capital position, after three decades of having net cash.
Powell says rates are restrictive, says it’s highly unlikely for the Fed’s next move to be a rate hike. 2-year yields respond as expected:
Powell said it’s unlikely that the Fed’s next move would be to raise interest rates, saying officials would need to see persuasive evidence that policy is not tight enough to bring inflation back toward the central bank’s 2% target.
US policymakers are reluctant to lower borrowing costs until they’re certain inflation is closing in on 2%. While they had penciled in three 2024 rate cuts as recently as March, Powell is likely to indicate those plans are on hold.
Boeing raised $10 billion from a bond sale on Monday that attracted about $77 billion of orders and allowed the planemaker to ease some of its financial strains by refinancing part of its massive debt load.
Bloomberg’s Fed sentiment index suggests Powell needs to get more hawkish, potentially as soon as this week, to tighten financial market conditions and bring disinflation back on track. http://www.bloomberg.com/news/features/2024-04-28/will-the-fed-cut-rates-what-60-000-headlines-say-about-its-next-move
Traders are now only pricing in one rate cut this year, and not until the end of it. https://www.bloomberg.com/news/newsletters/2024-04-25/stock-investors-rate-cut-hopes-fade-and-maybe-it-s-just-best-not-to-care?utm_source=website&utm_medium=share&utm_campaign=twitter
Clips
When will the Fed start cutting rates?
There’s still plenty of life left in cash.
Companies rush to borrow debt.